Maria Black - 01 Sep 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
01 Sep 2024
Net transactions value
-$9,519,674
Form type
4
Filing time
04 Sep 2024, 16:12:52 UTC
Previous filing
09 Aug 2024
Next filing
06 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Award $0 +15,428 +20% $0.000000 92,807 01 Sep 2024 Direct F1
transaction ADP Common Stock Options Exercise $1,582,982 +11,427 +12% $138.53 104,234 03 Sep 2024 Direct F2
transaction ADP Common Stock Options Exercise $1,596,959 +7,720 +7.4% $206.86 111,954 03 Sep 2024 Direct F2
transaction ADP Common Stock Sale $2,118,214 -7,720 -6.9% $274.38 104,234 03 Sep 2024 Direct F2
transaction ADP Common Stock Sale $3,135,340 -11,427 -11% $274.38 92,807 03 Sep 2024 Direct F2
transaction ADP Common Stock Tax liability $4,266,120 -15,462 -17% $275.91 77,345 03 Sep 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADP Stock Option (Right to Buy) Options Exercise $1,582,982 -11,427 -100% $138.53 0 03 Sep 2024 Common Stock 11,427 $138.53 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $1,596,959 -7,720 -50% $206.86 7,721 03 Sep 2024 Common Stock 7,720 $206.86 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.
F2 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2023.